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11 Apr 2019

GBP/USD Technical Analysis: Cable stuck in a range near 1.3080 level

GBP/USD daily chart

  • GBP/USD is consolidating above the 200-day simple moving average (SMA). 
  • GBP/USD is not having a clear direction in the short-term. 

GBP/USD 4-hour chart

  • GBP/USD is trading near the 50 SMA.

GBP/USD 30-minute chart

  • GBP/USD remains stuck in a range.
  • Buyers will need to break above 1.3200 to reach 1.3250 resistance.
  • On the flip side, 1.3040 and 1.3000 level can act as a level of support.

Additional key levels

 

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Apr 11, 2019

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